Press releases
Doba Named Utah's Fastest-Growing Company
Orem software company is ranked No. 1 on the Utah 100, presented by the MountainWest Capital Network.
31 October 2007Orem, UT, October 31, 2007 - Doba, a leader in online product sourcing solutions for small to medium size retailers, has been recognized by the MountainWest Capital Network (MWCN) as the fastest-growing company in Utah. Recognition is based on percentage revenue increases from 2002 through 2006, a five-year period during which Doba's revenue grew by an astonishing 16,000%. This year marks the first time Doba has been ranked on the Utah 100. In 2006, Doba was recognized by MWCN as one of the state's 15 'Emerging Elite' companies.
"We congratulate Doba, not just for successfully transitioning from the Emerging Elite category into the Utah 100 category, but for continuing its impressive trajectory and debuting on the Utah 100 list in the No. 1 spot," said Todd Leishman, MWCN Vice President and Chairman of the Utah 100. "Doba is a terrific example of a home-grown company that is really generating a lot of excitement, and we are pleased to include it among our winners."
Doba co-founder and Chairman of the Board, Jeremy Hanks, takes particular pride in his company's number one ranking on the Utah 100.
"We have received a lot of national recognition for our growth, but nothing comes close to being ranked number one on the Utah 100," says Hanks. "Here in Utah, we have known for quite some time what everyone else is just now figuring out. Namely, that Utah is a great place for entrepreneurs and business start-ups. While we were sincerely honored to be ranked #23 on this year's Inc. 500, we were just as proud by the fact that our part of the state, Orem-Provo, led the nation in the category of "cities with the most Inc. 500 companies per million residents." To be recognized here in Utah as the fastest-growing company in the state with the most dynamic entrepreneurial economy, is truly a great honor."
About Doba
Founded in the fall of 2002 and headquartered in Orem, Utah, Doba is a software company that provides a web-based Product Sourcing Platform that automates the ecommerce supply chain through virtual inventory and fulfillment systems. Ranked No. 23 on the 2007 Inc. 500 List of the Fastest-Growing Privately Held Companies in America, and Number 6 on Deloitte's 2007 Technology Fast 500, Doba's web-based platform connects retail merchants to the virtual inventory of over one million products from hundreds of wholesale suppliers. Doba's platform also acts as a fulfillment system, allowing retailers to ship merchandise directly from the supplier to the end consumer without ever touching the product themselves. Doba's unique fulfillment platform minimizes time and overhead for retailers and allows suppliers to manage, reconcile, and fulfill orders through a single connection point. Doba's platform automates the ecommerce supply chain and finally makes product sourcing and fulfillment a simple process for SMB suppliers and retailers. Currently, over 25,000 retailers and 200 wholesale suppliers and manufacturers use the simplified product sourcing solutions of Doba to transact millions of dollars of B2B ecommerce annually. For more information, visit www.doba.com.
About MountainWest Capital Network
Based in Salt Lake City, MountainWest Capital Network's members include a broad mix of entrepreneurs, venture capital providers, professional consultants, attorneys, bankers, accountants, and educators from universities and institutions of higher education. MWCN seeks to promote business growth and capital development in the state through a variety of educational and professional activities. The premier programs that MWCN provides to the business community include the Utah100 Program, the Utah Deal-Flow Report and real-time transaction reporting, and an annual Entrepreneur of the Year award.
Press Contact
If you would like more information about Doba's Number 1 ranking on the Utah 100, or to schedule an interview with Jeremy Hanks, please contact:
Meagen Ridley
Doba
(801) 765-6105
mridley@doba.com